Business Editors/High-Tech Writers

EDISON, N.J.--(BUSINESS WIRE)--Feb. 4, 2003

Fujitsu Consulting announced today that its Portfolio Management practice has solidified its position as the marketplace leader with the addition of several major clients across key vertical industries.

The company also said it has stepped up the marketing of its Portfolio Management practice for the first half of 2003.

Fujitsu Consulting said it has new Portfolio Management projects underway at a growing number of Fortune 500 companies in the telecommunications, financial services and manufacturing sectors as well as in government agencies in the U.S. and Canada. Fujitsu Consulting is working with its strategic partner, ProSight, the leading provider of Portfolio Management software, to deliver a seamless solution jointly to clients.

"There is a growing consensus and urgency that businesses with complex information technology systems bring their costs under control and derive more ROI from the capital they invest into these systems," said Chris Williams, senior vice president and chief marketing officer of Fujitsu Consulting. "We have generated strong momentum for our Portfolio Management offering because our consultants can quickly show clients how to remove costs from their organization while improving competitiveness."

Portfolio Management is part of Fujitsu Consulting's Enterprise Value Management offering, which enables companies to utilize an integrated set of business processes to systematically select, align and manage investments to achieve measurable business results.

Companies and governments are wasting up to tens of millions of dollars from ineffective spending on information technology, according to reports from leading industry analysts. Companies that use a portfolio management approach can improve efficiencies by cutting project expenses up to 30 percent, according to analysts.

"ProSight's collaboration with Fujitsu Consulting is yielding enormous value-add for our growing client base. Fujitsu Consulting's industry-leading methodologies and value management expertise paired with ProSight's portfolio management software enable large organizations to gain greater visibility over their organization and improve performance," said Sue Reber, vice president of marketing at ProSight.

Fujitsu Consulting is also stepping up its marketing effort behind Portfolio Management, Williams said. In addition to joint efforts with ProSight, Fujitsu Consulting is also re-issuing an updated version of its best-selling book, The Information Paradox (McGraw-Hill, February 2003). The new version will incorporate ideas from enterprise value management and portfolio management, including a new afterword from author John Thorp.

Fujitsu Consulting, in conjunction CFO.com, will also be sponsoring a major webcast on IT Portfolio Management at 2 p.m. EST on Feb. 26, featuring John Thorp and Doug Lynn, of the META Group. For more information, see www.cfo.com.

About Fujitsu Consulting

Fujitsu Consulting is a trusted global provider of management and technology consulting services with more than 8,000 employees in 70 offices worldwide. Fujitsu Consulting works with companies to improve their business performance through the delivery of technology-enabled solutions, including Value and Portfolio Management, Application Outsourcing, IT Effectiveness, Content Management and Business Intelligence & Analytics. Fujitsu Consulting is a subsidiary of the $38 billion Fujitsu group. For more information, visit Fujitsu Consulting on the web at consulting.fujitsu.com.

About ProSight

ProSight, the experts in portfolio management, combines software with services and knowledge resources to equip companies with effective oversight of investments, resources and performance, enhancing value visualization and strategic collaboration capabilities--enterprisewide. ProSight is headquartered in Portland, Ore. For more information, please visit www.prosight.com. For more information on portfolio management, visit the Portfolio Management Forum at www.portfoliomgt.org.